top of page
income builder 2021 24420.png

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate

RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
ETF express.png
  • Writer's pictureAlex Pettee, CFA

Stocks Lower | Jobless Claims Retreat | Mortgage Rates At Record-Lows

Daily Recap

  • U.S. equity markets finished mostly lower on Thursday despite encouraging employment data this morning as investors remain focused on increasing levels of confirmed coronavirus cases.

  • Still higher by 0.7% on the week, the S&P 500 finished lower by 0.6% today while the Dow Jones Industrial Average dipped 361 points after yesterday's 177 point rally.

  • Now lower by roughly 2% on the week, Equity REIT ETFs finished lower by 0.6% today with 14 of 18 property sectors in negative territory while Mortgage REITs dipped 3.1%.

  • The 30-Year Fixed Mortgage Rate declined to fresh record low levels this week as low rates have been one of several driving forces behind the emerging V-shaped recovery in the critical U.S. housing sector.

  • Today's declines came despite encouraging employment data, confirming the strength of last week's record-setting job gains recorded by the BLS and ADP, as Initial and Continuing Jobless Claims both declined last week.

To read the full report, click here to visit Seeking Alpha!

bottom of page